Op/Ed By Chris Devonshire-Ellis
The digital economy, also known as the internet economy, is based on digital computing technologies, comprising new business models such as e-commerce, cloud computing, and payment services. Technology is functioning as a new engine for the development of new revenue streams and enabler of new business models. With China possessing one billion consumers able to access the digital economy, and the State Government putting into plans to deliver to 95 percent of China within 24 hours by 2020, the opportunities for getting produce both into and out of China and the BRI region as a whole are immense. The digital revolution is impacting on the essential deliverables of the BRI routes – getting product delivered, on time, safely, and securely. This includes not just e-commerce, but also e-customs and e-government. Supporting services will all be managed by e-platforms.